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Every day users ask us: “Which digital currency should we buy?” In this article, we try to introduce the top 10 currencies for investment in April 1402 by considering fundamental factors, project news, network status, sentiment analysis and a glimpse of technical analysis. Please do adequate research before making any investment.
If you are new to the world of digital currencies, first start with “Where to start” and then get familiar with the concepts of blockchain, bitcoin, investment and capital management. Now you can read the rest of the article and enjoy!
Ethereum digital currency is a free system based on blockchain technology. This digital currency has its own browser, programming language and payment system. The users of this digital currency are called nodes and they are responsible for the security of the network. Ethereum fully distributes all information in the network among users and each node has a copy of all blockchain data. Also read: What is Ethereum?
In Ethereum digital currency, due to the absence of a third party for management, network data cannot be changed or deleted in any way. To make the smallest change in this platform, it must be approved by all its members and users. Also, due to the absence of a server and a central institution, people’s information is recorded and stored on their own personal system.
Ethereum is one of the most famous digital currencies in the cryptocurrency market. Most analysts and experts of this market predict a bright future for the Ethereum currency and consider it a suitable option for long-term investment. Unfortunately, many people enter this market without enough information and end up losing their capital.
Rank two of the best digital currencies ready to explode in price: Binance Coin
This token was designed by Binance exchange and has become popular among other exchanges within 6 months.
Also, if you use the Binance exchange to trade BNB tokens, your transaction fees will include a 50% discount.
Binance exchange is looking to design a program for customer loyalty. BNB digital currency has shown its goodwill to its users by reducing their transaction fees and offering amazing discounts. As a result, digital currency market analysts have predicted a very bright and good future for this emerging currency.
Rank three of the best digital currencies ready for price explosion: Tether
Tether is a digital currency based on the blockchain platform. This digital currency is supported by the fiat currency equivalent of the US dollar and is kept in a specific account. The native tokens of the Tether network are known by the symbol USDT and its value is equivalent to one US dollar. In fact, the price of Tether digital currency is fixed and therefore it is considered a stable coin. A stablecoin is a type of digital currency that aims to keep its value stable with the support of fiat currencies. Tether digital currency is bought by investors who want to protect the value of their capital in the crypto market and avoid the fluctuations of other digital currencies. Recommended: What is Tether (USDT) digital currency? The best alternative to paper dollars
Tether digital currency has many positive features. Among its most important features are the high speed of transactions, fixed price, no fluctuation in the market, very low fees and USDT support. High transaction speed for users who want to take advantage of the arbitrage opportunity in the digital currency market.
According to analysts and capital market experts, Tether is one of the best options for investment. But you should note that the digital currency market can be affected by various factors. As a result, before the head You should study and research the state of Tether digital currency market. If you do not have enough information, you may suffer heavy losses and lose your capital.
The fourth rank of the best digital currencies ready to explode in price: Decentraland
The Decentraland project is one of the most successful projects that was launched in the form of Metaverse and decentralized on the Ethereum blockchain. This digital currency, which is known as a virtual reality world (metaverse), enables people to earn money and do other things in addition to surfing. Users can build a house, create an office, sell land, buy and sell products, etc. on this platform. Decentraland digital currency has two native tokens named LAND and MANA, which consider the Mana token as the basis of this currency. Recommended: What is mana currency (MANA)? | Forecasting the price and future of Decentraland currency (mana)
One of the most important features of the Decentraland digital currency is that it is not under the control of any organization and is decentralized, and this has made it more attractive in the blockchain community. Other advantages include high security, multi-token structure and leading in the Metaverse.
Most analysts predict a bright future for Decentraland because they believe that the future belongs to the metaverse, and since this metaverse is launched on the Ethereum blockchain and is decentralized, it can have a bright future. However, if we see a mass migration of users from Decentraland to another platform, fewer people will use this program and it will cause a significant decrease in MANA currency.
Rank five of the best digital currencies ready to explode in price: Algorand
Algorand digital currency is a decentralized blockchain network whose native token is called ALGO. The goal of the development team in designing and launching the Algorand currency has been to combine features such as decentralization and create an easily divisible token. Also, one of the things that distinguishes this digital currency from other currencies is the use of Pure Proof of Stake mechanism.
As we said, Algorand digital currency has special and diverse features that have made this currency popular among capital market users. Features such as increasing the speed of transaction processing, high security in making transactions, easy receipt of rewards, low fees, low transaction risk and easy network user interface are among the most important features of this digital currency in the capital market.
Capital market experts and analysts have predicted that Algorand digital currency will reach an average price of $3.16 per coin by the end of 2022. Also, the price of this currency may reach the level of 6.2 dollars by 2025. In its analysis of Algorand digital currency, WalletInvestor stated that this currency is a smart choice for users’ long-term investments in this market. These predictions show the bright future of Algorand digital currency in the market.
Rank six of the best digital currencies ready to explode in price: Polkadat
Polkadot digital currency is a blockchain that connects different blockchains. In fact, the Polkadat currency is a chain protocol that helps facilitate the chain transfer of information or investments, and a wide variety of block chains cooperate in this blockchain. For more information, read: What is Polkadot?
Polkadot digital currency has many positive features and capabilities. Among its most important features, we can mention the improvement of scalability performance, network flexibility and user-oriented system. In fact, the Polkadot currency can process many transactions in several different chains in parallel, which improves scalability. The Polkadot digital currency network is very flexible and adaptable and can be automated to implement new features or fix their bugs. Also, this digital currency is user-oriented and its security helps you make transactions with peace of mind.
Most analysts and digital currency market experts have predicted that Polkadat currency will grow significantly in the future. According to the experts of this market, Polkadot’s price increase continues in 2021 and this digital currency is likely to have a 25% price increase by 2022. Finally, it can be said that Polkadot digital currency will have relatively stable conditions in terms of value in the coming years.
TonCoin, which is a product of the famous Telegram messenger project, has recently attracted the attention of all digital currency market users. Until some time ago, there was no official announcement from Telegram confirming the TonCoin project. But from 2021, Pavel Dorf, the founder of Telegram, unveiled the new dimensions and development paths of this project in a message. More information: What is Toncoin currency? | Introduction and review of the future of TON currency
Ton stands for Open Network, which unlike Bitcoin is much faster and more scalable. This feature makes it possible to perform thousands of transactions per second with the lowest fees. also
